Hedera (HBAR) is showing renewed strength as its falling wedge approaches a potential bullish breakout, while rising network activity signals stronger usage. A confirmed move above resistance, supported by sustained buying, could improve sentiment, though rejection may keep the price within its current pattern.
As of now, according to CoinMarketCap data, HBAR is trading at $0.07751, with an increase of 1.22% over the past 24 hours and a rise of 18.01% over the past week.
HBAR Falling Wedge Points Toward $0.20 Target
Crypto analyst Prof. Clifton says HBAR is developing a falling wedge on the daily chart, with price making lower highs and lower lows. The setup is tightening near resistance, placing a potential breakout around the $0.07 area under close watch.
The converging trendlines suggest selling pressure could be losing strength as HBAR approaches the wedge’s upper boundary. A decisive daily breakout above roughly $0.07, backed by a strong momentum candle, could signal that buyers are taking control.
If the breakout holds, the analyst’s chart points toward a potential move to $0.20, offering substantial upside from the current structure. However, weak volume or rejection near resistance could invalidate the setup and keep HBAR trading within the wedge.
Hedera Daily Transactions Surpass 400K as Network Activity Accelerates
Chainspect reported that Hedera processed more than 400,000 transactions in a single day, marking a notable rise in network activity. The network handled 401,594 transactions, recording its highest daily total over the past week.
The latest figure points to stronger usage across the Hedera network as transaction activity continues to build. Crossing the 400,000 mark places fresh attention on the blockchain’s capacity to handle growing demand while maintaining the infrastructure designed for large-scale applications.
Rising transaction volumes can offer a useful view of network engagement, although they do not by themselves confirm broader adoption. If activity remains elevated in the coming days, continued growth could provide further evidence that Hedera is handling increasing levels of on-chain usage.
What Happens Next for HBAR Price?
The next phase for HBAR will likely depend on whether buyers can push the price above the falling wedge resistance with strong volume. A confirmed breakout could strengthen the bullish setup and open the path toward higher targets, while rejection may keep HBAR consolidating inside the pattern.
